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Search Fringe Benefits Tax Support Help and Support.

This article applies to:

  • Product: ONESOURCE Fringe Benefits Tax
  • Subject: Setup

Default vehicle options

Choose
Options
, then
Vehicle Options
 to change certain vehicle settings.
For vehicle benefits you can set a default calculation method of:
  • Lowest
  • Operating Cost
  • Statutory Method
If you are sharing vehicles and want to adopt a consistent method of sharing (or allocation), the following
Allocation Methods
 are available:
  • Date Range
  • Number of days
  • Kilometre ranges
  • Number of kilometres
  • Percentage
A
Shared vehicle
 is, by default, excluded from RFBA. This option lets you override this rule. If you select
No
 , the RFBA Excluded? for any vehicles where there is only 1 driver allocated will be changed to
No
 . Users can edit this field at the workpaper level.
The following are some typical reasons why you might use this option:
  • Cars that are listed as shared but with only one driver are probably not shared and reportable. Therefore, if multiple vehicles have been uploaded as shared, but with only one driver for the FBT year, it may take some time to check through these. In this case, choosing
    No
     for the
    RFBA Excluded?
     option will make all these single-driver cars reportable.
  • This option assists larger organisations that upload all cars from fleet reports. The system automatically checks for single sharings and makes them reportable.
Visit the ATO website for more information.